for "nightly business report," i'm sharon epperson. >>> the 2024 summer olympic games are more than a decade away, but at least one big u.s. city is preparing a bid to host the games, washington dc. the president of d.c. 2024 the booster committee exploring the bid says the nation's capital is the safest and most secure city in the world, and he says since the biggest cost of any olympic games is security, quote, we got it pretty much built in. this is no done deal. other cities like tulsa, oklahoma have already announced their interest in hosting those same games, bill, and you know, the last time we did summer games was atlanta. >> is living in los angeles when we had the game there in 1984. maybe you should ask the people in the city whether they want the olympics. >> that's "nightly business report," i'm susie gharib thanks for joining us. >> i'm bill griffith, thanks for joining us. >>> sailing through the heart of historic cities on a river, you get close to iconic landmarks, to local life, to cultural treasures, viking river cruises, exploring the world in comfort. explore new

bob pisani at the nyc and rick santelli in chicago and sharon epperson over at the nymex. people are obviously trying to work out just how high we go and how fast, rick. >> yeah. i'll tell you what, and not only do they keep moving up, they are moving up in what i would deem a very orderly way. if you look at an intraday of tens, up about ten basis points on the day. you look at a one-week chart of the 30-year bornd, it's up about 24 basis points where the tens are up about 27. if you open the charts up a bit, what's fascinating is on a career-to-date basis, look at the chart both at two-year highs. ten-year is now up 110 basis point on the year, and there has been a lot of steepening between 2s and 10s and 5s and 10s and the 30 year, even though it's up 93 basis points on the year, it has underperformed a bit which makes the 10s versus 30s a completely different trade than the rest of the curve. one thing is for sure, if you want to refi, hurry up and do it now. >> get off the fence. get off the fence. thanks very much, rick. bob pisani, less than two hours now left in wh

sharon epperson is live at the nymex.rue, carl. as josh mentioned, we are looking it's a gold prices below $1,300 an ounce. there are a number of factors traders are pointing to. they're looking at the economic data out of the eu, looking at the industrial activity out of the uk and germany, better than expected. since it doesn't look like financial collapse is imminent, that's one of the reasons traders say we're seeing gold selling off. they're also watching every comment from every fed official to see when we may see tapering of bond buying, and that is something that is also weighing on gold. keep in mind though as we look at these technical levels, a close below that $1,282 level, last week's low, could send gold prices down further. also keep your eye on what's happening in the oil market because we're seeing lower prices there. we're seeing lower fuel prices and that is great news for consumers because prices at the pump are now below where they were this time a year ago. we're seeing gasoline prices at the pump th

sharon epperson is here on how you can stay on track. >> some workers are opting to save a little morear. >> i try to save 20% of what i make. >> but most are not saving enough. >> i think it's impossible to educate, clothe, provide piano lessons and feed your kids and save for retirement now. >> fidelity found the average 401(k) balance was $80,600 for most workers it's not enough to secure retirement. >> the rule of thumb, save anywhere from 10 to 15% of your income towards retirement and even incremental change, a 1% change today can make a big difference and create hundreds of dollars in potential income and retirement. >> fidelity gave us a look at how much 401(k) investors at various ages would need for every $1,000 they need to generate in retirement income. they found a 25-year-old just starting to save would only need to put away $160 a month. if you start to save at 35, you'll need to contribute almost $270 a month to generate the same income. a 45-year-old beginning to save for retirement would have to put away nearly $500 each month. a 55-year-old boomer would have to put a

gold lowest level in two weeks and right now sharon epperson tracking the action. sharon?> reporter: gold prices are down about $20 right now near the close, and we're looking at prices that have now gone below last week's low. in fact, what traders are really watching now to see if gold will fall to that 1275 level, the key support level they are watching for next. a lot of technical selling and chatter about what the fed will do and whether we'll see tapering of quantitative easing. a lot of traders on the floor believe there's positioning going right now. the only positive side in the metals complex is copper, getting a little bit of relief here. back to you. >> sharon, thanks very much. bob pisani joins me now with trading action. >> charles evans was just out, mr. evans, a well-known doving came out and said he would not rule out a september tapering. now, when you've got a guy like charles evans, a well-known dove coming out and saying he's not ruling out a september tapering, now it's getting a lot more real because if he felt the data didn't support the data he'd r

are because i'm going to go down to check on the gold prices which are closing right now, and sharon epperson has that for us. sharon? >> i wonder what michael would think of this move we've seen in gold. gold today has eased a bit, but that's off a two-month high. we're looking at gold prices closing down around $5, around $1,365 an ounce. it was a very strong week for gold and we look at what happened to gold and what happened to silver last week, comparing that to the broader stock market. you can see the gains there, and a lot of that may have been due to the bullish bets that traders put on at the beginning of the week according to the latest cftc report. they raised their bullish bets on gold considerably in the last week. also another factor supporting gold has been inflows into exchange traded funds. the largest one, the gld, that saw a half a percent rise in holdings. the first time we have seen that kind of gain since february. that's another reason why some traders say there may be more life in gold. tyler, back to you. >> thank you very much. michael, let's get your perspectives o

so everyone goes home happy. >>> i'm sharon epperson.tory rose by 50 billion cubic feet. that was smaller injection to storage than what analysts participated. as a result we're seeing higher natural gas prices. natural gas at the highest level in a month. $3.54 right now. and we are looking at an injection that is greater than last year and the five-year average. but less than what analysts had anticipated. add to that we're expecting to see much warmer temperatures across the central part of the country next week. that is another factor that has driven natural gas prices higher. high of the session around $3.55. back to you. >> sharon, thank you so much. >>> look at shares of hp. the biggest loser on the dow after last night's earnings report. ceo meg whitman telling us she believes the turn around strategy is right on track. we're going to talk to carly fiorina. still the best hperforming this year. pretty wide margin, boeing is up only 40% in second place. >> she did the 12-month chart is better because it doubled from the november l

check out the action in commodities with sharon epperson. >> looking at gold right now.ll above 1300 an ounce but seeing gold slip a bit. after the latest jobs report, traders are waiting for the next data point to watch. cutting bullish bets and looking at shorts that have risen 7% in the last -- the biggest increase in the last six weeks and that was as of last week. taking a look at what's happening in the exchange-traded fund market with gold, that's a key determinant perhaps where prices go. looking at gld in particular and seeing that that touched the lowest level in four weeks in terms of holdings last week. we'll be watching that carefully. if it dips below 1300 in term of price, we could see a decline in etf holdings. oil as well, we are seeing greater output from libya and the north sea and that is putting some pressure on oil prices. we have brent crude and wti futures lower on the session right now. traders are are watching what is happening in libbia, in particular, to see where oil prices may go from here. >> speaking of which, the transports have been doin

sharon epperson is tracking the information for. >> us. >> up nearly $25 on the session.e are looking at the weakness in the dollar, the currency play having something to do with what we're seeing here, but also keep your eye on what's happened across the board. the strength there has a lot to do with the july trade debt we got out of china. platinum has been the strongest performers there in this session. back to you. >>> thank you, sharon. let's go uptown to the nasdaq. seema mody is tracking the smartphone wars. >> absolutely. the wars are definitely heating up, from idc shows that its operating system is losing market share to google's android. android has about 79%, apple with 13.2%, microsoft windows with 3.7, and blackberry with 2.9. android has been hipped be more and more vendors offer the platform, but the wars between apple and google mike heat up with a new ray vamped ios, apple is well positioned to recapture market share. sue, back to you. >>> j.c. penney's has tarded to look for a new chief executive officer as bill ackman says he wants one named within 30

sharon epperson is tracking the action at the nymex. >> hi, sue, colonel has. prices and we are looking at gold priced that are gaining ground. we're looking at more loans entering the market. the first time we've seen that happen in any sizable degree since about the middle of june and keep in mind as well that we're continuing to watch what's happening in terms of physical demand coming out of china and southeast asia as well as the middle east. also traders are noticing all this tapering talk. hearing, of course, what investment banks are saying in terms of the fact we might hear something in september, but it doesn't look like we're seeing that in terms of the price action and the price action of futures is being influenced by futures as well in the etf market where we're looking at an inflow that we've seen for the first time since the middle of june. >> keep your eye on silver. best performing commodity of the session. back to you. >> thanks so much. and right here on post 9 on the floor bob pisani joins me with a little bit of a downside bias in the mark

sharon epperson is closing the action for us at the nymex. >> the final trades have come in here in the gold market, and we are looking on a slow quiet friday as a slight rally here in gold or at least a little bit of an uptick going to the close. we're at 13.12 an ounce, up $2 or so. just a tiny bounce here, but we are looking at prices that are at least higher that be the close last friday, again, just by a touch. we have seen quite a bit of volatility in the gold market in this week and a lot of action in platinum as well. platinum now at a premium to gold, the highest we've seen in two years. back to you. >> all right. thank you very much, sharon. the trading action here, bob pisani. we're improving at 150-plus points. >> the same pattern as yesterday. the same thing, doing it again. take a look at the dow jones industrial average, and you'll see down and we've been coming off of that bottom there. i want to highlight what's going on in ipo land. a very unusual situation. six ipos priced overnight and normally deadville in august. hot stock market, hot ipo market. that simple. two t

. >> thank you very much, sharon epperson. >> here at post-nine, the trading action with bob pisani.> no. >> didn't have a very good auction, and the market is flat. it's the third down. i know what you're going to say something. >> the hawks and doves on the fed are all aligned and they say we believe tapering will happen sooner rather than later and the market didn't have much decline. ten-year yields have moved down since the auction happened a short while ago, but overall, even before that, yields on the dunn side, a sign the bond market is not particularly concerned about what's going on. some in the bond market won't believe the bond will be tapering. >> sort of a materials. consumer discretionary financials, not requests major help and when you get jens straight. new highs here and no help at you will. >> bob, thank you very much. appreciate t.uptown to the nasdaq somy modea is following the movers for us. first, worries over the fed taping and stock valuations weighing on the market today. roughly 67% of the stocks on the s&p 500, sue, are trading at a premium to the benchmar

. >> joining me now live, cnbc's senior commodities correspondent sharon epperson.talked about the politic of this earlier and what's happening on the ground as far as the loss of life. as lindsey graham fears, he's put out the worst-case scenario. what are you seeing with oil prices? >> what has to happen first is an actual disruption of the flow through the suez canal and the pipeline, the key pipeline in that area. that has not occurred. in fact, the egyptian army has said they'll protect these key points because they know the economic significance of these passageways. keep in mind we're talking about 3 million barrels per day of crude oil and refined fuels as well as about 7% of sea born oil that goes through the canal on a daily basis. this is an extremely important choke point, as a lot of traders call it, in this area. but the fact remains there has not been any disruption. what we're seeing right now in terms of the price of oil that's near $107 a barrel here in the u.s. and the global benchmark price is closer to $110 a barrel, that's being raised because

sharon epperson is tracking the action at the i'm "x." close is closing at a weakened high.he rally continues not asioning as yesterday but quite strong for the week. a lot of traders saying time to buy gold, look at the physical demapped and looking at what's happening for silver prices, strong outperformers yesterday and continue to make gains today and for the week, in fact, silver is up 13% and the best week since naept of 2008. >> ru. thank you very much. marin mentioned the lows now hitting four-minute highs and jpmorgan is out now saying buy gold? do you agree with jpmorgan given the strength in the market recently? is it time to buy gold? >> i think -- you know, they are a little bit late. it seems that we got above some technical levels. look, this is august and it's very thin out there, and we broke through some technical levels, and the shorts were cover, and i think that's what you saw. you have to be a little bit careful getting long here. i think i would wait to see if it gets above the 1420 level and maybe spend some time up there, but i think this could be an

sharon epperson is tracking the action at the nymex. >> gold prices up just about $7 or so right around.73 an ounce. keep in mind many traders are waiting to see what's going to be inside the fed minutes from the latest meeting. that will come out on wednesday. we have seen a rise here in gold prices today ahead of those minutes being released. we're not at yesterday's high a the close here. many traders are wondering what the next step will be. any information about the plans for tapering, of course, are going to be watched very closely. back to you. >>> okay. let's bring in bob pisani with the action on the floor. >> believe it or not, up .06% on the s&p. put up the s&p here. that's the best move we've had in the s&p since august 1st. it's been that kind of month generally to the downside. there we are. important thing here. stocks are up. bonds are up. we're getting a nice bounce in interest rate sensitive stocks. utilities and telecoms. utilities have had a bad month. home builders trading lower on lower interest rates and home depot helping as well moved the group to the upside. on

the gold prices are closing now, and sharon epperson is tracking the action at the nymex for us. aron. >> reporter: hi, sue. gold prices falling a little bit here at the close but still above the $1,300 level. looking at gold prices that have been affected by what money managers have been doing over the last week or so, and that is cutting their long positions. in fact, we're looking at the bullish bets for gold being lowered for the first time in five weeks according to the last commitment of traders reports and shorts rising by about 7% which was the biggest increase we've seen there in about six week's time. the losses are extending what we saw last week in gold and silver as we and we're continuing to watch the slide there and whether or not we'll see another change in the direction. it will likely have to do with the next economic data points that come out. keep your eye on the etf market because the gld, the largest gold etf fell in its holdings to the lowest level we've seen in three years on friday. the 1,300 level will be very key, tyler, not only for the gold future pric

sharon epperson at the nymex. >> we saw a big run on gold yesterday, kelly, but easing a bit.t territory carefully as the volume though is rather thin here for this friday. we are also watching a lot of traders talking about the action in platinum versus gold. we're looking at the premium to platinum over gold at the highest it's been in two years. and it's about $200 right now. more expensive for platinum than it's been in that period of time. and keep in mind as you look at that some traders are saying perhaps now is the time to go long gold and short platinum. we'll see if that trade holds out. in terms of oil prices after being down all week long we're looking at positive territory here in oil and, finally, traders are reacting to that data coming out of china. yesterday's trade data didn't seem to mean much to a lot of oil traders but today looking at the numbers we're talking about that and the fact that china is getting better, the economy there. and also looking at the data coming out. the latest report from the international energy agency. and they are talking about t

sharon epperson at the nymex. >> a lot of what traders are talking about today is the july trade data china and the impact on metals in particular. look at what has happened here to copper. looking at the highest copper prices we've seen since may. the fact that we saw copper imports rise 12% year over year, that is certainly a factor as dennis garmin points out the economy in china is doing better than many expected than particularly those short china. it's having an impact not only on cooper but look at silver. silver is appreciating as well. gold is higher on the session. looking at many of the metals that are up. but crude oil ignored the china data and focused on jobless claims and the fact that we have plenty of oil here in this country that may not be pleating the demand that we see right now which is not really enough for all of the oil that we have. that is what some traders are talking about. they're also talking about natural gas at a five-month low ahead of the data we had coming out at 10:30 and we will bring you those live at 10:30 from the energy department. back to you

i'm sharon epperson at the nymex with breaking news about the natural gas storage levels.atural gas storage levels rose by 65 billion cubic feet in the last week. this was an increase in injection into storage that was expected but not as much as was expected. analysts surveyed by plex sected i object between 68 and 22 billion cubic feet. we saw that uptick ahead of the number perhaps in anticipation and we are now looking at natural gas prices trading at $3.40. up about 5 cent tons session. traders say technically this level right here could perhaps be a breakout level to the upside for natural gas if we see a settlement price around this $3.40 level or above. traders are looking at this as a bullish number and increase of 65 bct for natural gas. keep your eye on the weather. tropical storm on the islands. traders will be watching as well to see for its el dwopmentes. are looking at temperatures there a little bit cooler than normal for this time of year in the summer so that is pressured natural gas prices this week. right now this number on storage levels are a bit bull

. >> all right, sharon epperson at the nymex with the latest there. ghts? >> i think the market in general is defensive today. we have a pullback under way. >> you had a tweet about 1982 which a lot of traders said is verbotent you don't mention that. >> i don't say i endorse the view but the pattern, the '09 low, match it up, it looks almost there. that would mean we're in like '86 or something like that. it. >> would be a good thing to be there. >> very good thing but remains to be seen. >> marianne bartolo told us, moving around within the organization, they're saying, they put out a note comparing the market we're in now to the bull markets in the '50s and as r '80s. >> we got smacked for another 28% before you got to 1982. so it can be any year you want. >> mike santelli, thank you for joining us this morning. appreciate it. >> thanks. >>> coming up on the program, from a confusing quarter release that rot shares to moderating an online housing round-table featuring president obama later today. zillow ceo spencer rascoff has a lot on his plate tod

now we go to sharon epperson at the nymex. sharon?t big spike in gold price, david, in the session before and we are looking at gold that is still stable here right around 13.60 an ounce. it got above that earlier in the session and traders are continuing to watch the physical demand for gold and saying that that is a supportive factor. also saying looking at jpmorgan's report that now might be the time for short-term buyers to get long gold over the next four to five weeks. they see more upside potential in gold and lot of traders looking at the 1300 level for the next level for gold prices. silver at a three-month high. silver prices continue to rally. actually strongest component in the metals sector in the session ahead, session before, and now looking at strength continuing in silver. we're also looking at a stable market and upside in oil. traders are watching the situation in egypt. watching the demonstrations and what is happening in terms of the unrest there and continuing to watch what's going to happen here going into the w

. ♪ just hold on going home just hold on ♪ ♪ we're going home >> i'm sharon epperson at nymex.ter hitting a fresh nine-week high earlier in the session. gold now under 1370 an ounce. it's had a strong run over the last several sessions. a lot has to do with traders focuses on what's happening in the middle east. seeing fresh inflows into the largest gold exchange-traded funds, that's supportive. and continuing to watch open interest as well. take a look at what's happened over the last week to goal and silver and of course equities. we've seen a lot of investors wanting to be in precious metals. money managers raised bullish bets on gold and see if that continues this week. watching oil. brent crude in particular, it continues to hole tonight its gains of 110 a barrel. concern about unrest in egypt. also seeing in terms of the supply picture from libya with exports at lowest several since 2011. >> thank you. nine years ago today, google went public at 85 a share, since then the stock is up more than 900%. only 9 s&p stocks have outperformed google since 2004. that brings us to

sharon epperson -- no, it's courtney reagan.ah, that's exactly right. you know it's inventory day, but actually that surprise build in crude oil stocks and the smaller than expected draw in gasoline really did little no move the needle and that's sort of what traders expected because the focus down here as you might expect is on syria, but more specifically the potential spillover effect into the more significant oil exporting nations that are nearby. now, we do know that overnight west texas intermedia crude did spike to $112 a barrel. it has since retreated. that $112 mark was on over two-year high. brent also moving higher but again retreating. west texas intermediate hovering around $110 today for most of the session. andy lippow points out the reason traders are so focused on syria are not syria itself but the neighboring countries. any attack that could spill over into other nearby regions, that koim packet supply and demand potentially disrupting oil there and that's really the focus. we kind of sit and wait to see exactl

let's get a check now on energy and commodities with sharon epperson live in the pits at the nymex. >a breather after a four-day winning streak. we're looking at gold down almost $15 below $1,320 an ounce and many traders are looking at the fact gold hit a three-week high in the previous session and perhaps they're saying now it may be time to take some money off the table. india was hundreds again talked about an import duty on its refined gold bars. that is something else that may be pressuring prices. silver continues to extend gains after rallying nearly 5% in the previous session. so we're continuing to watch the momentum there in silver, momentum as it occurs however on a summer day. and then we're also watching what is happening in the oil markets. a lot of attention to brent crude as we had two key export terminals in libya that were shu shut down. that impacted what we're seeing there perhaps in the libyan oil exports. that's a concern among some traders and perhaps offering some bullish perspective to brent crude prices. also keeping our eye on the supply issues in the north

. >> sharon epperson as always, great job. >> thank you. >> coming up next, all the stories to watch you how to make these simple swaps, but first, these messages. to help pay for the road trip... before they earned 1% back on all purchases -- everywhere, every time -- and 2% back at the grocery store... even before earning 3% back on gas, with no hoops to jump through... the garcias hit the road with their bankamericard cash rewards credit card and shortened the distance between each other. that's the majesty of rewarding connections. apply online or at a bank of america near you. younnot giving a thought to sacrtheir own satisfaction. doll, you're sacrificing seamless color for the perfect wave? i mean surf's up. stop with the sacrificing, start here. light & fit greek nonfat yogurt. thick, creamy, and dude twice the protein and 80 calories. tastes satisfying right? it's awesome. hey, you wanna go surfing? light & fit greek! ♪ dannon! oh! something bit me! ♪ shield...sneeze...swish ♪ this back to school, there's a new routine ♪ [ female announcer ] kleenex tissues with sneeze shiel